Nice Systems Ltd. (NASDAQ:NICE) had its price objective boosted by equities researchers at Citigroup Inc. from $83.00 to $93.00 in a note issued to investors on Friday. The firm currently has a “neutral” rating on the technology company’s stock. Citigroup Inc.’s target price points to a potential upside of 8.75% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $80.00 target price on shares of Nice Systems in a research note on Monday, August 21st. Zacks Investment Research raised shares of Nice Systems from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 6th. Jefferies Group LLC initiated coverage on shares of Nice Systems in a research note on Friday, October 6th. They issued a “hold” rating and a $84.00 target price on the stock. Chardan Capital raised their target price on shares of Nice Systems from $84.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, Barclays PLC set a $80.00 target price on shares of Nice Systems and gave the company a “hold” rating in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $83.50.

Shares of Nice Systems (NICE) traded up $3.47 during mid-day trading on Friday, hitting $85.52. 205,252 shares of the stock were exchanged, compared to its average volume of 103,703. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.28. The firm has a market cap of $5.03 billion, a PE ratio of 33.54, a P/E/G ratio of 4.86 and a beta of 0.89.

Nice Systems (NASDAQ:NICE) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Nice Systems had a net margin of 7.12% and a return on equity of 9.85%. The business had revenue of $315.30 million for the quarter, compared to the consensus estimate of $313.44 million. During the same quarter last year, the firm posted $0.79 EPS. The business’s revenue for the quarter was up 33.9% compared to the same quarter last year. analysts forecast that Nice Systems will post 1.73 earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in NICE. Renaissance Technologies LLC grew its holdings in Nice Systems by 327.6% during the 1st quarter. Renaissance Technologies LLC now owns 175,944 shares of the technology company’s stock valued at $11,961,000 after purchasing an additional 134,800 shares in the last quarter. Morgan Stanley grew its holdings in Nice Systems by 137.7% during the 1st quarter. Morgan Stanley now owns 137,682 shares of the technology company’s stock valued at $9,359,000 after purchasing an additional 79,760 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Nice Systems by 31.1% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 201,670 shares of the technology company’s stock valued at $15,875,000 after purchasing an additional 47,895 shares in the last quarter. Tygh Capital Management Inc. grew its holdings in Nice Systems by 58.6% during the 3rd quarter. Tygh Capital Management Inc. now owns 92,906 shares of the technology company’s stock valued at $7,554,000 after purchasing an additional 34,320 shares in the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in Nice Systems by 13.4% during the 2nd quarter. Eagle Asset Management Inc. now owns 276,775 shares of the technology company’s stock valued at $21,787,000 after purchasing an additional 32,620 shares in the last quarter. 43.64% of the stock is owned by institutional investors and hedge funds.

About Nice Systems

NICE Ltd., formerly NICE-Systems Ltd., is a global enterprise software provider. The Company’s segments include Customer Interactions Solutions, and Financial Crime and Compliance Solutions. The Customer Interactions Solutions segment provides data driven insights that enable businesses to deliver personalized experience to customers.

Analyst Recommendations for Nice Systems (NASDAQ:NICE)

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